AGRI-BIZ & COMMODITIES
CLIMATE & WEATHER
Indian Ocean dipole favours good monsoon
A positive Indian Ocean Dipole (IOD), the seasonal seesawing of sea surface temperatures in the Indian Ocean, is forecast to combine with an emerging La Nina event in the equatorial Pacific in a rare virtuoso performance with implications for the ...
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RUBBER
Spot rubber prices improve
The rubber market improved on Wednesday. On the physical front, prices picked up as covering groups turned active after a gap expecting at least a short-term recovery in prices. Major manufacturers were reported to be buyers at lower ...
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SUGAR
Varsity asks TN sugarcane farmers to reduce planting area
Problems due to higher yield and excess production
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Govt releases 13 lakh tonnes sugar for open market sale
The Union Government has released 13 lakh tonnes (lt) of sugar this month for sale in the open market against 12 lt last month. According to trade sources, the Centre has allocated one lt more this month with Maharashtra and Uttar Pradesh mills ...
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Sugar buffer, export sops fail to lift sentiment
Mills gain little as global players force price cut
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TEA
Signing of special tea loan fund pact by June
The formal signing of the first round of loan agreement under the Special Purpose Tea Fund (SPTF) is expected to be done latest by June 27, according to informed sources. It might be noted that Legal documents such as loan agreement and ...
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COTTON
AP slams brakes on Bollgard II entry
CITING CONFUSION
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OILSEEDS & EDIBLE OIL
Long-term shift seen from oilseed to corn, maize in US
Soya crop may plunge by 10 m tonnes in 2007-08
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SPICES & CONDIMENTS
Pepper futures gain as Vietnam exporters default
Pepper futures shot up on Wednesday on tight supply position in Vietnam and consequent sharp rise in prices there. Vietnam was offering FAQ 500 GL at $3,900 (f.o.b.) while 550 GL at $4,000 and 570 GL at $4,350 a tonne (f.o.b.). In tandem ...
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EVENTS
`Higher vegoil rates dampening demand for food, biodiesel'
Global stock levels will drive vegetable oil prices and currently, the situation is highly constructive to prices, said Dr James Fry of UK-based consultancy LMC International. He was addressing over 200 delegates participating in the Globoil ...
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